Cadence Bancorp LLC

Landmark FBO, LLC

Headquarters:

Houston, TX

Website:

www.cadencebank.com

Company Overview:

Cadence Bancorp LLC (formerly Community Bancorp) ("CBC") is a Houston-based bank holding company established to acquire and operate failed or distressed U.S. banks. In 2010, CBC raised $1 billion of equity capital to invest in the U.S. banking industry. CBC acquired Cadence Financial Corporation (and subsidiary Cadence Bank, N.A.) in March 2011 and Superior Bank, N.A., in April 2011. These two entities merged in November 2011 and the combined entity was rebranded Cadence Bancorp. Cadence then acquired Houston-based Encore Banshares Inc. (NASDAQ: EBTX) in July 2012. Cadence currently has over $5.4 billion in assets with over 100 locations acros six southern states. Cadence is led by CEO Paul Murphy, a 30 year banking veteran and former CEO of Amegy Bank, an $11 billion bank headquartered in Houston, TX.

Transaction Background:

Platform began focusing on regional bank investments in 2008, believing the financial crisis created a historically attractive time to invest in banks.  We reviewed a number of opportunities over a two year period.  Given the lack of control required by bank holding company regulations, it was critical that we partner with a trusted management team to execute the strategy.  Platform has a long-standing relationship with Paul Murphy (CBC’s CEO) and Marc Shapiro (CBC Board Member) and, as a result, CBC offered Platform an opportunity to invest in a targeted industry with executives that we know well and respect.